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Max Nat and Roberta formed a partnership to operate a dry-deaning business. They agreed to share initial capital and subsequent income in a 321 ratio.
Max Nat and Roberta formed a partnership to operate a dry-deaning business. They agreed to share initial capital and subsequent income in a 321 ratio. Each partner's contributions to the new venture are listed next Max $32,000 cash, dry-cleaning equipment worth $240,000 and the ability to keep the squipment in good operating condition Nac 564,000 cash and extensive experience in the dry cleaning business Roberta: $24.000 cash and a 2-year 596,000 note, payable to the firm, with 12 percent interest on the unpaid balance Required Record the formation using the goodwill approach Description Goodwil Opta-u Debil Credi 6 Capital Roberty to Record the formation using the bonus approach Description Debi Credit Coberte Please answer all parts of the
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